Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M

2 years ago

The BTC mining steadfast projects its mining powerfulness volition scope 16 EH/s by the extremity of the year.

Bitcoin miner CleanSpark purchases 45,000 ASICs for $145M

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On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says each units volition beryllium acceptable for transportation by Antminer earlier the extremity of September. The acquisition is expected to adhd 6.3 exahash per 2nd (EH/s) of mining powerfulness to its rig, which presently possesses a capableness of 6.7 EH/s.

After the purchase, the firm's expected hash complaint volition account for an estimated 3.8% of the full Bitcoin network. Zach Bradford, CEO of CleanSpark, commented: 

"The Antminer S19 XP is the astir power-efficient bitcoin mining instrumentality disposable successful the marketplace today, and a cardinal constituent successful our continuing enactment to physique immoderate of the astir businesslike bitcoin mining facilities successful the country."

25,000 of the 45,000 ASICs volition beryllium delivered successful August, portion the remaining 20,000 units are expected to beryllium acceptable successful September. CleanSpark says it plans to deploy each the acquired units astatine its Bitcoin mining installation successful Sandersville, Georgia, which is presently undergoing a 150 megawatts powerfulness expansion.

"This carnivore marketplace has continued to supply america with opportunities to maximize ROI, including the accidental to acquisition the industry's champion miner astatine an industry-leading price."

CleanSpark has acceptable a extremity of reaching 16 EH/s successful hash complaint by the extremity of 2023. In February, the steadfast purchased 20,000 ASICs scheduled for operations this quarter. CleanSpark claims that implicit 90% of its mining energy stems from "low-carbon vigor sources." At the extremity of past year, the steadfast possessed $486.8 cardinal successful full assets and $59.8 cardinal successful full liabilities.

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